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Principles of economics is specifically written to provide students with a thorough understanding of microeconomic and macroeconomic concepts. It especially caters to students pursuing certificate, diploma and degree in the area of Economics and Business.

In this revised edition, the contents and presentation have been enhanced in order to keep up with the latest developments in the subject. Some important concepts such as market failure, and normative vs. positive analysis have been added to further improve the scope of the materials.